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Subsequent Events
12 Months Ended
Sep. 30, 2012
Subsequent Events [Text Block]
27

Subsequent Events

   
 

On October 26, 2012, the Company filed a Certificate of Change pursuant to Section 78.209 of the Nevada Revised Statutes with the Nevada Secretary of State to effect a one (1) -for- five (5) reverse stock split of the authorized and issued and outstanding common stock, par value $0.001 per share, of the Company ("Common Stock"). The reverse stock split was effective at the market opening on October 26, 2012, at which time the Company's Common Stock had began trading on the NASDAQ Stock Market on a split-adjusted basis. The Company's Common Stock continued to trade under the symbol " CBAK " but under a new CUSIP number 16936Y209.

   
 

The Company implemented the reverse stock split to regain compliance with NASDAQ continued listing standards. Following the reverse stock split, the Company has approximately 12.8 million shares of Common Stock issued and outstanding. In addition, the number of total authorized shares of Common Stock has been reduced to 20 million shares.

   
 

The management has evaluated all other events or transactions that occurred through the date the consolidated financial statements were issued and has determined that there were no other material recognizable nor subsequent events or transactions which would require recognition or disclosure in the consolidated financial statements.